Price per SF can be calculated differently when comparing a home in a lower priced neighborhood to a high end home in another area which would include or not include upgrades etc. Price/sf is calculated differently also if the square footage is above ground or below. Every appraiser has their own values that they use. Hope this info helps but be careful with online calculations.... more
I just wanted to give you a heads up that I have a client right now that is going to be moving and when we do finalize the moving date - they will be putting up their house for sale in Longmont. Their home does have a full finished basement -in-law quarters. It has a separate entrance and beautiful finishes.
If you have not already found the right house to care for your families needs - this may be the one.
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This won't be a snarky post. I'm glad we are out of the woods of that terrible recession. I'm sure more than a few wish they might have been able to take advantage of the market when it was low.
I'm fond of saying: "A market exists where there is a willing seller and a willing buyer."
Today, a lot of sellers are holding on for better prices. Who can blame them? Most of us buy when things come together for us individually. My husband and I purchased our first house when it appeared there would be no end to inflation. Inflation was eating into everything. We grabbed a house when the grabbing was good.
Individual circumstances improve and couples start planning for a family and a house with a yard. We save enough money. Or we get pay raises or better jobs. Individual circumstances are usually what compels to buy - not fire sales. When the entire market is down, it is usually because things everywhere are not so good. And yes, they can get too good for homeowners if prices are pushed too far.
So rejoice. A healthier real estate market means the economy is getting there, too. Prices will head higher. The market has been roaring here. That usually means good things for all - as in more jobs, more money moving through the economy.
I hope things worked out, Kr Bang. I hope things came together for you.
Here in Tucson, AZ the inventory is down, demand is up. Causing prices to go up at a level where comps are not painting a clear picture of a properties true value. For many buyers, I am writing 2-3 contracts before we are able to get them an accepted contract. Many have to lose a couple before they figure this out, and as a Realtor it is never my place to "talk them into" a property.
To answer your question directly, for the Tucson market I feel when the FED is done buying down the rates, and 30 YR Fixed interest rates start going up, when we see 4%, 5%, 6%, and 7%-many buyers in hindsight will wish they had bought. No way interest rates can stay this low forever.